Unformatted text preview: prospectus." Read the prospectus and summarize in a paragraph just what an investor in this ETF needs to know. 6. Go to http:/www.nymex.com and then click crude oil, and then click "I accept." Then click "view all contract months. For which contract months is there the most open interest? Try to guess why the open interest is so different across contract months. Is the market in contango or backwardation everywhere? Please offer a guess about what is going on in the oil market that produced this pattern. 7. Go to CME Corn contract and click "quotes." Is the contract in backwardation or contango over the whole range of maturities? What might be at work that determine the pattern of futures prices that you see? Is the pattern consistent with a storage model?...
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This note was uploaded on 02/08/2012 for the course ECON 252 taught by Professor Robertshiller during the Spring '08 term at Yale.
- Spring '08